Bitcoin long-term holders have resumed accumulation for the first time since July, according to on-chain data. This shift comes after Bitcoin's price fell below $90,000, marking a decline of over 30% from its October peak. The increase in long-term investing activity suggests a slowdown in selling, with analysts indicating this could signal a potential recovery for the cryptocurrency. The change in strategy among long-term holders is viewed as a significant indicator for Bitcoin's future movements.
Bitcoin Long-Term Holders Resume Accumulation Amid Price Drop
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
